Tuesday, September 29, 2015

They just love Brazilian coffee

DUBAI --- Statistics released by the
Brazilian Coffee Exporters Council (Cecafe) marked a noticeable rise in exports
from Brazil to the Arab region to US$134.5 million in the period between
January and August of this year.

The substantial numbers represent a
4.67 per cent increase compared to exports from the previous year, highlighting
the rapidly expanding trade relations between the two regions.

Region-wise, Europe was the leading
destination of Brazilian coffee exports from January to August of 2015,
followed by North America, Asia and South America. Although many countries have
exhibited strong interest and wide purchasing power for these exports, the top
buying countries in the past year were the United States, Germany, Italy and
Japan.

The council said the positive trend
has impacted many facets of Arab-Brazilian trade relations. Total exports from
Brazil have reached US$4.087 billion so far, up one per cent over the first
eight months of 2014. The numbers show no sign of slowing down, with August
recording export revenues at US$451.7 million. Overall, 23.4 million bags of
coffee have been shipped abroad.

Dr. Michel Alaby, Secretary General
and CEO, Arab Brazilian Chamber of Commerce, said the increasing number of
exports between Brazil and the Arab region is a strong indicator of the dynamic
and rapidly evolving trade relations between the two parties.

The growing revenues, Alaby added, are
largely due to the popularity of Brazilian coffee among people in the Gulf,
which has encouraged Brazil to better address the rising demand.